How to prepare for the ‘survivor’s penalty’ before a spouse passes
Nosystem Images | E+ | Getty Images Many older women outlive their spouses and may not expect higher future taxes after suffering from the loss. But there are ways to …
Financial Advisors
3 things you can learn about taxes from NFL star Arik Armstead’s paycheck
Arik Armstead of the San Francisco 49ers at the NFC Championship game against the Philadelphia Eagles on Jan. 29, 2023. Kevin Sabitus | Getty Images Sport | Getty Images 1. …
How to save by taking funds from inherited retirement accounts now
Elenaval | Room | Getty Images More from Year-End Planning Here’s a look at more coverage on what to do finance-wise as the end of the year approaches: But if …
Federal tax extension deadline is Oct. 16. Here are 3 things to know
If you filed a tax extension for more time on your 2022 return, the deadline is fast approaching. The federal tax-extension deadline on Oct. 16 is the last chance to …
Powerball jackpot hits $1.2 billion. Which payout is best
The Powerball jackpot hit $1.2 billion on Oct. 3, 2023, the third-biggest prize in the game’s history. Scott Olson | Getty The Powerball jackpot has climbed to an estimated $1.2 …
If you resold a Taylor Swift ticket for a profit, prepare to pay taxes
Taylor Swift performs onstage at Lumen Field in Seattle on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift fans forked out an average $2,183 …
Here’s how to avoid penalties with retirement plan rollovers
The one-year rule is an “archaic belief,” according to career expert Sarah Doody. Courtneyk | E+ | Getty Images 1. Bypassing the once-per-year IRA rollover rule “The biggest one is …
Meet this Sept. 15 deadline to ‘avoid a surprise at tax time’
Artistgndphotography | E+ | Getty Images Sept. 15 is fast approaching — and if you’re not withholding taxes from your income, it’s time to send a payment to the IRS. …
SEC delays decision on spot bitcoin exchange-traded funds
Bitcoin. Umit Turhan Coskun | Nurphoto | Getty Images Even as the U.S. Securities and Exchange Commission delays a decision on several applications for the first spot bitcoin exchange-traded fund, …
IRS delays ‘Secure 2.0’ change for 401(k) catch-up contributions
Terry Vine | Getty Images Higher earners who maximize retirement savings now have more time for pretax catch-up 401(k) contributions, thanks to new IRS guidance. Currently, “catch-up contributions” allow savers …